KiloEx TGE Debuts on Binance Wallet and PancakeSwap

Binance Wallet and PancakeSwap have joined forces to host the exclusive Token Generation Event (TGE) for KiloEx (KILO).

This development follows Binance’s shift to secondary listings, facilitating TGEs via Binance Wallet before secondary exchange listings.

Binance Wallet and PancakeSwap Host KiloEx TGE

Binance revealed that KILO TGE will occur on Thursday, March 27, between 10:00 a.m. and 12:00 p.m. UTC on the BNB Smart Chain. This carefully structured public sale will introduce the KILO token to the market.

“Binance Wallet is excited to host the exclusive Token Generation Event on BNB Smart Chain for KiloEx, the next generation user-friendly perpetual DEX, with PancakeSwap,” Binance wrote.

KiloEx, a next-generation decentralized exchange (DEX) specializing in perpetual contracts, aims to enhance accessibility and liquidity in the crypto space. Through this collaboration, Binance Wallet will facilitate the exclusive launch of KILO tokens. Meanwhile, PancakeSwap DEX will provide additional trading support immediately after the event.

This partnership is designed to streamline token launches and offer a more user-friendly experience for investors looking to participate in early-stage projects. Data on GeckoTerminal shows that the KILO price is up by almost 2,300% on this news.

With a total raise of $750,000 in BNB and an initial allocation of 50 million tokens—representing 5% of the total supply—investors can participate in the event with a cap of 3 BNB per Binance Wallet user.

Unlike traditional fundraising models, this event will allocate tokens pro rata, ensuring fair distribution among participants. Additionally, there is no vesting period. This means users can immediately trade their KILO tokens on Binance Wallet DEX or PancakeSwap as soon as the event concludes.

KiloEX Shares KILO Tokenomics

Beyond the TGE, KiloEx has unveiled a comprehensive tokenomics model for KILO. Shared on X (Twitter), the platform emphasized community engagement and long-term sustainability.

With a fixed supply of 1 billion tokens, 10% is earmarked for airdrops, while 27% will support the broader ecosystem. The exclusive public sale on Binance Wallet accounts for 5%. Additional allocations are also made for staking rewards, strategic investments, and liquidity provisions.

One of the key highlights is the ability to convert KILO into xKILO. This provision allows holders to stake their tokens and earn a share of 30% of the platform’s revenue. Additionally, KILO holders will play an active role in the protocol’s governance, ensuring a decentralized decision-making process.

“The key utilities of KILO include: Converting to xKILO for staking to earn 30% of the platform revenue. Future on-chain governance participation, enabling holders to help shape the project’s future,” KiloEx stated.

This initiative aligns with Binance’s broader strategy of shifting toward secondary listings, as seen in recent changes to its token launch approach. Instead of exclusively listing new tokens on its centralized exchange, Binance has been leveraging Binance Wallet to facilitate token launches on decentralized platforms.

“Binance has pivoted away from doing huge initial launches with big Day-1 selling pressure while doing more secondary listing shortly after running TGE campaign on Binance Wallet,” a user on X observed.

This move decentralizes the listing process and grants early adopters greater access. It also mitigates some of the challenges associated with centralized exchange listings. The collaboration with PancakeSwap reinforces this trend, positioning Binance Wallet as a pivotal player in the growth of decentralized token generation events.